Post
Topic
Board Economics
Re: Can Bitcoin End World Poverty?
by
Gandam23
on 29/11/2017, 18:45:49 UTC
Bitcoin is not a magic wand which will end world poverty. It simply doesn't have the power to end such a massive thing. Also bitcoin is not a payment system anymore. We have moved to a different goal long back, when the confirmation time increased and transaction fees hiked. These confirmation time and transaction fees is going to be increased again and again. So we will move from the initial goal further.

Bitcoin has now purely became an investment asset. IT can provide a huge return which any other conventional investment will never be able to offer ever. So I take bitcoin purely as an investment and a trading asset. I earn profit  and keep it for the future.
I dont think that bitcoin can actually do that because as far as i know the bitcoin is not yet known worldwide maybe many people know about bitcoin but not all of us. So thats why i dont think it can happen. And for me not all people can access bitcoin.